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This is a fight between whales, nothing more. If the average "retail" coin holder thinks they have any influence, they are dead wrong. This is the cryptocurren
by foepys 4y ago
This is a fight between whales, nothing more. If the average "retail" coin holder thinks they have any influence, they are dead wrong.
This is the cryptocurrency reality where the small man is overpowered by the bourgeoisie who own so much more capital that they only need to fear each other.
- tharne 4y ago> This is the cryptocurrency reality where the small man is overpowered by the bourgeoisie who own so much more capital that they only need to fear each other. How is this any different than the traditional financial system? Remember 2008, where bankers were reckless and the government bailed them out, while regular people who were reckless got f--ked?
- threeseed 4y ago> This is a fight between whales, nothing more It clearly shows you that even in crypto the rich and powerful can manipulate the rules.
- senectus1 4y agoWhales are the vast majority of why crypto is broken. too few hold too much. the evidence is blatantly obvious they have been messing with the markets for their own purposes. because they hold so much of it, it makes for a very fickle and fragile market.
- tootie 4y agoIsn't this kinda the same as the equity stakes that owners of public shares can exercise? Except opaque and unregulated?